Recently, I looked into the prediction markets, and the discussion about the Federal Reserve's next cycle of interest rate cuts has been quite lively.

Opinions in the market vary. Most are optimistic, betting on a cut of more than 50 basis points; there are also quite a few who are conservative, expecting a reduction between 25 and 50 basis points; and a minority of aggressive traders believe the cut will be smaller, below 25 basis points. Interestingly, almost no one truly believes the Federal Reserve will hold steady—there's virtually no one betting on no rate cut.

Regarding the Federal Reserve's repurchase agreements, this move is indeed a tool to stabilize the market, capable of alleviating liquidity pressures at critical moments. However, to be honest, this thing can only "put out fires" and cannot fundamentally "rescue the market." At best, it delays the situation, giving the market a breather.